When Alex Gierczyk founded ANG Ventures in 2016, he was focused on bringing nootropics to the masses – and he did, grossing more than $50 million with Botany Biosciences botanical dietary supplements. But as Gierczyk’s interests in cryptocurrency, decentralized finance, and cross-chain liquidity solutions have grown, he has decided to change course with ANG Ventures.
Rather than close up shop, Gierczyk has merely pivoted towards new projects where he sees tremendous upside in an exciting new industry. ANG Ventures now nurtures startups with the promise of disrupting the web3 ecosystem.
In Gierczyk’s own words, “ANG Ventures is spearheading multiple projects across different industries with a central focus on disrupting them with blockchain technology. At the moment the majority of our resources are being directed towards Tender.fi, a lending market launching on the Metis ecosystem that will revolutionize decentralized finance by allowing users to execute trustless, under-collateralized loans with cryptocurrencies.”
According to the Tender.fi website, permissionless undercollateralized loans are the last major missing component from traditional finance in a decentralized economy. The problem is that undercollateralized loaned assets are out of reach of DeFi protocols for liquidation, and it is impossible to replicate the CeFi model of creditworthiness check in a trustless and decentralized solution.
One thing that sets Tender.fi apart from other major players in the web3 space is that for Gierczyk and his team, the work is centered around love and passion.
“Our team prioritizes working on projects that we are sincerely excited about and collaborating with partners who share our values,” Gierczyk says.
Tender.fi refers to more than just monetary units, per their site: “As our name suggests, our founding team puts care into everything we do, and engaging our community is no different. Our team is committed to doing everything we can to make our community of DeFi degens feel loved and cherished. The Tender.fi community is a safe space for degens to share their passions, ideas, and interests. We are dedicated to making our Discord and Telegram channels more than just places to discuss our protocol – we want our users to hang out, have fun, and feel included.”
And while undercollateralized loans are a priority for ANG and tender.fi, so are implementing game-changing innovations in the entertainment and charity sectors. Gierczyk envisions developing web3 musicians, artists, and charity organizations.
Even as ANG goes up against more established competitors, Gierczyk maintains that their loving approach will set them apart in the industry.
“When it comes to each of our subsidiary projects there are numerous competitors. Tender.fi, for example, is going against well-established protocols such as AAVE & Compound. Even so, in all of our projects, ANG sets itself apart through an unwavering commitment to ingenuity and innovation. We have a rockstar team of talented people who all excel at what they do and are insatiably hungry in their efforts to change the world for the better – that’s what binds us together,” Gierczyk says proudly.
As the DeFi movement advances, Alex Gierczyk’s vision of the future for decentralized finance is a community-oriented one.
“To most people involved with web3 it is very evident that the tech industry is moving towards a state of ‘decentralization’ – although that buzzword doesn’t mean what people often think it does. The decentralization of data, and ultimately power, is driven by people coming together in their shared passions for sovereignty and innovation. Although ‘decentralization’ is the future, the road will be paved with strong communities and partnerships,” he says.
That’s something we can all feel tenderly about.
Learn more about Alex Gierczyk on his YouTube channel.